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Course: Company Valuations, Mergers and Acquisitions

Company Valuations, Mergers and Acquisitions

  • Life Time Access
  • Certificate on Completion
  • Access on Android and iOS App
  • Self-Paced
About this Course

This course has been designed for students studying Corporate Finance at the under-graduate or post-graduate level.

The topics covered are – Free cash flow valuations, Dividend valuations, Earnings valuations, Mergers and Acquisitions.

You will learn the following:

  • The fundamental application of valuation models
  • How to design templates to answer valuation questions
  • Identifying and applying the planning period with the terminal value
  • Valuation of Majority versus minority holdings
  • Mergers and acquisition for companies in the same industries as well as conglomerate takeovers
  • How to read and answer examination questions. I will take you through several valuation questions with increased difficulty, teaching you how to integrate other Finance topics into the solution
Basic knowledge
  • Financial Accounting at the first year level
What you will learn
  • After completing this course you will be able to do a company valuation under a Free Cash Flow model, a Dividends model and an Earnings model
  • You will also be able to value a company for Mergers and Acquisitions
Curriculum
Number of Lectures: 10
Total Duration: 05:56:09
Company Valuations
  • Valuation templates  

    This first video will teach you how to create valuation templates to answer valuation questions.

  • Free Cash Flow valuations for all-equity financed companies  

    Video 2 will teach you the fundamentals of a free cash flow valuation. You will learn how to value a company where there is normal growth to perpetuity as well as situations where growth is above normal over a 3 year planning period, followed by normal growth.  


  • Free Cash Flow valuations for Debt-Equity financed companies  

    Video 3 looks at companies that have long-term debt in their capital structure.

    I will teach you how to identify the free cash flow items that need to be addressed and adjusted for non-cash flow items and for tax adjustment.

    You will also learn how to apply a WACC discount model.


  • Free cash flow valuation questions – Part 1  

    Video 4 is broken down into two separate videos – 4A and 4B.

    I will teach you how to read an examination question, how to identify important information and how to answer the question so as to maximize marks.


  • Free cash flow valuation questions – Part 2  

    This video is a continuation of free cash flow valuation questions – Part 2


  • Dividend and Earnings valuations – Part 1  

    This video will teach you the fundamentals of Dividend valuations.

    You will learn how to do a template for minority valuations and learn how to apply the Gordon’s dividend growth model.


  • Dividend and Earnings valuations – Part 2  

    This video will teach you the fundamentals of Earnings valuations.

    You will learn how to document the valuation steps, how to evaluate past and forecast earnings and how to apply the Price Earnings model.



Mergers and Aquisitions
  • Mergers and Acquisitions - Part 1  

    In these 2 videos you will learn –

    -      Acquisition classifications into vertical, horizontal and conglomerate.

    -      Economic arguments for acquisitions.

    -      The determination of the minimum takeover price

    -      The Maximum takeover price

    -      Illustrative examples for takeover of companies with higher and lower PE ratios.

    -      Takeover purchase considerations – cash / loan/share swop / new share issue


  • Mergers and Acquisitions - Part 2  

    -      Acquisition classifications into vertical, horizontal and conglomerate.

    -      Economic arguments for acquisitions.

    -      The determination of the minimum takeover price

    -      The Maximum takeover price

    -      Illustrative examples for takeover of companies with higher and lower PE ratios.

    -      Takeover purchase considerations – cash / loan/share swop / new share issue


  • Merger and acquisition - Illustrative examples  

    This final video takes you through examination questions on Mergers and acquisitions.

    You will learn how to deal with and answer tutorial / examination questions that carry a higher degree of difficulty and integrate other topics

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